Parliament approves budgets of Kwt Economic Fund, KPA, KISR

16/06/2016

KUWAIT CITY, June 15: The Parliament on Wednesday approved the budgets and fi nal accounts of Kuwait Ports Authority (KPA), Kuwait Institute for Scientifi c Research (KISR) and Kuwait Economic Fund. KPA’s revenues are estimated at KD 76 million while its expenses are estimated at KD 62 million, the revenues of KISR are estimated at KD 107 million while its expenses are estimated at KD 84 million, and the budget of Kuwait Economic Fund for fi scal 2016/2017 reached KD 26.8 million.

During the debate on the budgets and fi nal accounts of these institutions, MPs Yousuf Al-Zalzalah, Jamal Al-Omar, Khalaf Dumaither, Saleh Ashour and Abdullah Al-Tamimi also talked about corruption as well as the administrative and fi nancial irregularities in many government institutions like KPA,

Public Authority for Industry and KISR. They urged the government to reform these institutions and correct their mistakes. Al-Zalzalah pointed out corruption has become widespread in KPA but the concerned minister has failed to solve the problem. He said Singapore has fully benefited from its ports, but in Kuwait, people destroy the ports because the minister has done nothing. He added the ports of Kuwait need a strong authority with the ability to address issues and develop such an important facility for the country to return to its glorious days as it was in the 1970s.

On KISR, Al-Zalzalah asserted the previous administration of the institute committed a lot of mistakes within eight years. He then asked the minister of education to address the comments of the State Audit Bureau regarding the institute. Meanwhile, the MPs praised the performance of Kuwait Development Fund and Kuwait News Agency, calling on the government to grant fi nancial support for these institutions because they are the pride of the country.